Solutions for Cost Accounting, A Data Analytics Approach, 2024 Release by Christ (All Chapters included)
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Course
Cost accounting
Institution
Cost Accounting
Complete Solutions Manual for Cost Accounting, A Data Analytics Approach, 2024 Release by Margaret Christ, D. Kip Holderness and Vernon Richardson ; ISBN13: 9781266654015.....(Full Chapters included and organized in reverse order from Chapter 14 to 1)...1. Strategic Management Questions and the Rol...
Cost Accounting, A Data Analytics
Approach, 2024 Release by
Margaret Christ
Complete Chapter Solutions Manual
are included (Ch 1 to 14)
** Immediate Download
** Swift Response
** All Chapters included
** Data Files
,Table of Contents are given below
1. Strategic Management Questions and the Role of
Management Accountants
2. An Introduction to Cost Data
3. Cost Behavior and Cost-Volume-Profit Analysis
4. Job Costing
5. Two-Stage Cost Allocations and Activity-Based Costing
6. Cost Allocation: Support-Department Costs and Joint
Product Costing
7. Process Costing
8. Performance Measurement and Control
9. Master Budgeting and Flexible Budgets
10. Sales and Direct-Cost Variances
11. Indirect Cost Variances
12. Strategy and the Balanced Scorecard
13. Strategic Decision Making
14. Capital Budgetin
, Solutions Manual organized in reverse order, with the last chapter
displayed first, to ensure that all chapters are included in this document.
(Complete Chapters included Ch14-1)
Chapter 14 End-of-Chapter A
ssignment Solutions (Level 1) Multiple-Choice Questions
1. (LO 14.3) What is the present value of cash inflows minus the present value of cash outflows?
a. net present value
b. internal rate of return
c. accounting rate of return
d. discounted payback
2. (LO 14.7) When a company’s capital budgeting includes an analysis of the extent to which capital
expenditures affect and align with company strategy, that company is incorporating:
a. quantitative factors into its analysis.
b. qualitative factors into its analysis.
c. financial factors into its analysis.
d. monetary factors into its analysis.
3. (LO 14.3) The discount (or interest) rate at which the present value of cash inflows equals the
present value of cash outflows is called the:
a. required rate of return.
b. internal rate of return.
c. accounting rate of return.
d. discounted payback.
4. (LO 14.5) The accrual accounting rate of return:
a. discounts cash outflows and cash inflows.
b. does not discount cash outflows and cash inflows.
c. is the difference between cash outflows and cash inflows.
d. is the sum of cash outflows and cash inflows.
5. (LO 14.4) The time value of money suggests that for an evaluation of a capital expenditure, the
payback period will always be:
a. greater than the discounted payback period.
b. less than the discounted payback period.
c. equal to the discounted payback period.
d. preferable to the discounted payback period.
6. (LO 14.3) All other things equal, the greater the initial capital expenditure (or greater initial cash
outflow), the:
a. lower the overall net present value of the capital expenditure.
b. greater the overall net present value of the capital expenditure.
c. greater the volatility of the overall net present value of the capital expenditure.
d. less relevant the overall net present value of the capital expenditure.
7. (LO 14.2) What is the repeatability, continuity, and durability of past outcomes (such as profits,
sales, and cash flows) in future outcomes over time?
a. Permanence
b. Persistence
c. Relativity
, Christ, Holderness and Richardson – Cost Accounting
d. Forecast ability
8. (LO 14.6) In a sensitivity analysis of capital expenditures, the greater the:
a. required rate of return, the greater the computed internal rate of return.
b. annual cash inflows, the greater the computed internal rate of return.
c. initial capital expenditure, the greater the computed internal rate of return.
d. payback period, the greater the computed internal rate of return.
9. (LO 14.3, 14.4, 14.5) Which capital budgeting metric should you use if you want to determine
whether a capital expenditure will increase the net income reported?
a. Internal rate of return
b. Accrual accounting rate of return
c. Discounted payback
d. Net present value
10. (LO 14.3, 14.6) All other things equal, the sooner the cash flows come in the life of the
investment, the greater the internal rate of return.
a. True
b. False
11. (LO 14.3) A payment that is made all at once, at one time, is called a(n):
a. annuity.
b. lump-sum payment.
c. sunk costs.
d. capital payment.
12. (LO 14.1) The decision of which big project(s) to invest in is called:
a. cash flow analysis.
b. net present value analysis.
c. internal rate of return.
d. capital budgeting.
13. (LO 14.3) What is the internal rate of return for the stream of cash flows for a $32,000
investment (-$32,000) and cash inflows of $9,000 per year for years 1 through 4?
a. 3.25%
b. 4.88%
c. 7.18%
d. 2.39%
14. (LO 14.2) Persistence is most important for which type of analytics?
a. Descriptive analytics
b. Diagnostic analytics
c. Predictive analytics
d. Prescriptive analytics
15. (LO 14.3) What is the net present value for the stream of cash flows for a $32,000 investment (-
$32,000) and cash inflows of $9,000 per year for years 1 through 4, assuming a 3% cost of
capital?
a. -$1,312.66
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